Median revenue of the businesses in the report was $495,000, up from $460,000 a year ago. The median cash flow—money that comes out of a business over the course of a year—is $135,044, up slightly from $133,238 in the first quarter of 2011.

The Albany-area results are based on 52 local businesses listed on BizBuySell.com. The company offers online listings of businesses for sale.

Nationally, average final sale prices of businesses fell 3.2 percent in the quarter, to $150,000. BizBuySell does not report final sale prices—only asking prices—in its Albany data.